Global Automotive Inductive Wireless Charging Systems Market Report, History and Forecast 2016-2027, Breakdown Data by Manufacturers, Key Regions, Types and Application

Electric vehicles are gaining importance in modern times because of the rise in global fuel prices and alarming levels of air pollution. There is widespread concern about the negative effects of global warming. In such a scenario the rapid adoption of electric vehicles is seen as the most viable solution. The time taken to charge electric vehicles was one of the major concerns, but with the advent of wireless inductive charging this issue has been resolved. Inductive wireless charging is considered a major breakthrough as it has made the use of plugs and cords redundant. Inductive charging takes place when an electromagnetic field transfers energy between two coils.
Advantages
Protected connections – No corrosion when the electronics are all enclosed, away from water or oxygen in the atmosphere. Less risk of electrical faults such as short circuit due to insulation failure, especially where connections are made or broken frequently.
Low infection risk – For embedded medical devices, transmission of power via a magnetic field passing through the skin avoids the infection risks associated with wires penetrating the skin.
Durability – Without the need to constantly plug and unplug the device, there is significantly less wear and tear on the socket of the device and the attaching cable.
Increased convenience and aesthetic quality – No need for cables
Disadvantages
Slower charging – Due to the lower efficiency, devices take longer to charge when supplied power is the same amount.
More expensive – Inductive charging also requires drive electronics and coils in both device and charger, increasing the complexity and cost of manufacturing.
Currently, The industry concentration is high, the technical barriers and financial barriers of Automotive Inductive Wireless Charging Systems are also high. In particular, as the market leader in Automotive Inductive Wireless Charging Systems, Bosch take the global market share of about 44%, other key manufacturers include Qualcomm, Texas Instruments, WiTricity, Fulton Innovation.

Market Analysis and Insights: Global Automotive Inductive Wireless Charging Systems Market
In 2020, the global Automotive Inductive Wireless Charging Systems market size was US$ 138.5 million and it is expected to reach US$ 1829.9 million by the end of 2027, with a CAGR of 45.0% between 2021 and 2027
Global Automotive Inductive Wireless Charging Systems Scope and Market Size
The global Automotive Inductive Wireless Charging Systems market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Automotive Inductive Wireless Charging Systems market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.


Segment by Type
Electromagnetic Induction
Magnetic Resonance


Segment by Application
Passenger Vehicles
Commercial Vehicles


By Company
Bosch
Qualcomm
Texas Instruments
WiTricity
Fulton Innovation


By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Colombia
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE